General Electric (NYSE:GE) PT Raised to $212.00

General Electric (NYSE:GE) had its price target lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $210.00 to $212.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 13.11% from the stock’s previous close.

A number of other research analysts have also issued reports on GE. Royal Bank of Canada boosted their target price on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Barclays boosted their target price on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. UBS Group boosted their target price on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 1st. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Sanford C. Bernstein started coverage on General Electric in a research note on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $191.36.

General Electric Trading Up 0.7 %

GE opened at $187.43 on Friday. The firm has a market cap of $205.16 billion, a price-to-earnings ratio of 61.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. General Electric has a 52 week low of $84.42 and a 52 week high of $187.99. The business’s 50 day moving average is $168.69 and its two-hundred day moving average is $170.77. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping the consensus estimate of $0.99 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, research analysts predict that General Electric will post 4.2 EPS for the current year.

Institutional Trading of General Electric

A number of institutional investors have recently bought and sold shares of the company. Rathbones Group PLC raised its holdings in shares of General Electric by 2.7% in the fourth quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock worth $28,821,000 after acquiring an additional 5,997 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of General Electric by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock worth $11,288,136,000 after acquiring an additional 550,996 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of General Electric by 3.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 288,224 shares of the conglomerate’s stock worth $36,786,000 after acquiring an additional 8,788 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of General Electric by 25.4% in the second quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate’s stock worth $2,702,000 after acquiring an additional 3,442 shares during the last quarter. Finally, Makena Capital Management LLC raised its holdings in shares of General Electric by 26.2% in the fourth quarter. Makena Capital Management LLC now owns 149,855 shares of the conglomerate’s stock worth $19,126,000 after acquiring an additional 31,107 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.